The Research On Bankruptey Of Exertion Of Right Of Priority

Bankruptcy remedy, as one kind of remedy methods applied for particular cases, means the relevant persons of companies applying for debtors bankruptcy liquidation or asking for bankruptcy prevention and at the same time, is a remedy approach for interests of related persons or companies in the bankruptcy process when the debtor fails. TO pay off due debts,of course,bankruptcy remedy is also an issue of procedure and institution.positive functions of the bankruptcy remedy includes protecting creditors right maximally,protecting debtors right, the choice of right remedy for related person and the remedy means of right conflict,including exertion of right of priority. Analyses our current bankruptcy legislations and every provision of "law of enterprise bankruptcy of the peoples republic of china (draft)"and puts forward some constructive views.